Quizam Media Corp. said its normalized net income for the fiscal third quarter ended Feb. 28 came to a loss of 6 Canadian cents per share, compared with a loss of 9 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$203,190, compared with a loss of C$146,380 in the prior-year period.
The normalized profit margin fell to negative 161.0% from negative 92.7% in the year-earlier period.
Total revenue decreased 20.0% year over year to C$126,210 from C$157,860, and total operating expenses rose 19.4% from the prior-year period to C$406,840 from C$340,840.
Reported net income came to a loss of C$325,100, or a loss of 10 cents per share, compared to a loss of C$234,200, or a loss of 15 cents per share, in the prior-year period.
